ThinkMarkets, a multi-licensed multi-asset brokerage formerly known as ThinkForex, said on Tuesday it has significantly reduced the latency on the mobile version of its proprietary trading platform ThinkTrader. This became possible thanks to its partnership with Neumob and implementing its SDK, an app acceleration framework, into the mobile platform.
The partnership will result in faster execution and improved performance of the ThinkTrader app. Testing of the mobile platform’s performance with SDK indicated that traders in several countries saw a substantial increase in the performance.
“We are seeing a sharp increase in the number of traders executing trades on the ThinkTrader mobile app, particularly from emerging markets where mobile-networks are traditionally sluggish and congested, however with the technological enhancements ThinkTrader is now considerably faster,” said Nauman Anees, founder and CEO of ThinkMarkets.
Malaysian users benefited by a 42% uptake in speed, while the load times in India increasing by 37%, 25% in both the United Arab Emirates and the UK, and by 20% in China, the broker noted.
“ThinkTrader is a forward-thinking app committed to delivering a high availability, low latency experience for its traders around the world,” said Neumob CEO Jeff Kim. “We’re delighted to see the positive impact that Neumob mobile app acceleration is having on ThinkMarkets’customer experience, and on ensuring that traders in Asia, Eastern Europe, the Middle East and elsewhere have a first-rate mobile trading platform they can rely on,” he added.
The mobile-app development supports ThinkMarkets’ intenational growth and expansion plans, the broker’s statement read. The company believes that mobile is going to replace traditional online trading through the web and desktop and hence has a long-term vision of becoming one of the first full-suite standalone mobile brokers.
“The new solution enhances our existing framework and gives us a profound push into markets with legacy 2G & 3G networks, as well as into those with 4G speeds,” noted Michel Teji, head of product development at ThinkMarkets.
ThinkMarkets is a trading name of TF Global Markets (UK) Ltd., regulated by the UK Financial Conduct Authority (FCA), and TF Global Markets (Aust) Pty Ltd., licensed by the Australian Securities and Investments Commission (ASIC). It has offices om Australia, where it originated from, the UK, Australia, Chile, and the UAE.
The broker got rebranded in July 2016, when it also launched ThinkTrader. It offers trading in forex, contracts for difference (CFDs), and spread betting.